Global Retail Potentially Undervalued Companies

United Arrows

Market Cap: JP¥58.0b

Engages in the planning, buying, and sale of men’s and women’s clothing and accessories, and miscellaneous items in Japan.

J. Front Retailing

Market Cap: JP¥581.7b

Operates department stores.

Tay Two

Market Cap: JP¥9.3b

Tay Two Co., Ltd. purchases and sells books, home video games, trading cards, hobbies, smartphones, CDs, DVDs, clothing, etc.

Naspers

Market Cap: US$898.4b

Operates as a consumer internet company in Africa, Asia, Europe, and internationally.

InNature Berhad

Market Cap: RM 137.6m

An investment holding company, retails cosmetics and personal care products in Malaysia, Vietnam, and Cambodia.

Arvind Fashions

Market Cap: ₹68.6b

Engages in the wholesale and retail trading of garments and accessories in India and internationally.

China Yongda Automobiles Services Holdings

Market Cap: HK$3.9b

An investment holding company, operates as a passenger vehicle retailer and service provider for luxury and ultra-luxury brands in the People’s Republic of China.

Senco Gold

Market Cap: ₹61.5b

Engages in the manufacture and trading of jewelry and articles made of gold, silver, platinum, and other precious and semi-precious stones in India.

Baazar Style Retail

Market Cap: ₹30.0b

Engages in the business of retailing various apparel and non-apparel consumer products in India.

Millennium Group Corporation (Asia)

Market Cap: ฿3.0b

Engages in the sale and retail of automobiles, yachts, and spare parts primarily in Thailand.

Kamux Oyj

Market Cap: €113.2m

Engages in the wholesale and retail of used cars in Finland, Sweden, and Germany.

Westwing Group

Market Cap: €152.1m

Engages in the home and living e-commerce retail.

United Arrows

Market Cap: US$47.5b

Engages in the planning, buying, and sale of men’s and women’s clothing and accessories, and miscellaneous items in Japan.

Wonder Pets Enterprises

Market Cap: NT$2.8b

Wonder Pets Enterprises Corporation, together with its subsidiaries, wholesales and retails pet food and supplies in Taiwan.

Luk Fook Holdings (International)

Market Cap: HK$13.8b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.

Auto Nejma Maroc

Market Cap: د.م2.2b

Engages in the importing, distribution, marketing, and exporting of passenger and utility vehicles, spare parts, and automobile accessories in Morocco.

Map Aktif Adiperkasa

Market Cap: Rp18.2t

Operates as a sporting goods retailer in Indonesia.

IT City

Market Cap: ฿1.5b

Engages in the distribution of computers, mobile phones, and related accessories in Thailand.

Xcel Brands

Market Cap: US$6.4m

Operates as a media and consumer products company in the United States.

eBay

Market Cap: €42.8b

Operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally.

RH

Market Cap: €4.3b

Operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain.

Prosus

Market Cap: €116.4b

Engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally.

Frasers Group

Market Cap: UK£3.0b

Frasers Group Plc, together with its subsidiaries, retails sports and leisure clothing, footwear, homeware, furniture, sports equipment and bicycles, accessories, and apparel through department stores, shops, and online.

Rakuten Group

Market Cap: €1.9t

Provides services in e-commerce, fintech, digital content, and communications to various users in worldwide.

Buckle

Market Cap: €2.9b

Operates as a retailer of casual apparel, footwear, and accessories for men, women, and kids under the Buckle and Buckle Youth brands in the United States.

Pepco Group

Market Cap: zł12.6b

Operates as a discount variety retailer in the United Kingdom, the Republic of Ireland, Poland, and rest of Europe.

ASOS

Market Cap: UK£351.0m

Operates as an online fashion retailer in the United Kingdom, the European Union, the United States, and internationally.

Build-A-Bear Workshop

Market Cap: US$763.0m

Operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally.

Kits Eyecare

Market Cap: €538.3m

Operates a digital eyecare platform in the United States and Canada.

Celestial Asia Securities Holdings

Market Cap: €75.0m

An investment holding company, engages in the retail management business in Hong Kong and the People’s Republic of China.

Build-A-Bear Workshop

Market Cap: €763.0m

Operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally.

Mercari

Market Cap: €404.1b

Plans, develops, and operates Mercari marketplace applications in Japan and the United States.

NEXT

Market Cap: €14.0b

Engages in the retail of clothing, homeware, and beauty products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally.

Wickes Group

Market Cap: UK£476.8m

Operates as a retailer of home improvement products and services in the United Kingdom.

Luk Fook Holdings (International)

Market Cap: €13.8b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.

Lithia Motors

Market Cap: US$8.7b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.